Krugman Now In ‘Deflation’ Camp?

What’s kind of interesting to me about this seismic little shift in Paul Krugman’s thinking is that when he refers to interest rates being “zero-bound” he is speaking the language of liquidity traps; but the context of the discussion is “debt-deflation”.

So he’s finally catching up to …… me.  More than two years later. 

Is that right, Frances?

Advertisements

Leave a comment

Filed under financial crisis

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s